Foreign Direct Investment

Guo Yongmao of Haiwen & Partners discusses the various types of taxes under the PRC tax regime that new companies must consider when setting up a business in mainland China and highlights how tax impacts investors of a PRC company if they are foreign entities when considering dividends distribution, interest payment and transfer pricing

Both multinationals and domestic companies have already enacted changes to their internal policies and operations in response to China's new data and personal information processing requirements, from human resources management to customer privacy authorizations

China opens up its insurance brokerage market

New rules are set forth for foreign-related certification

China publishes its GDPR law

Beijing Municipality opens up IP-related arbitration to foreign institutions

Meituan fined for abusing dominant position; Draft market access negative list released; and SAFE data shows record high foreign investment into China

GBA Wealth Management Connect launched; minister calls for consolidation of Chinese EV manufacturers; and China-Indonesia local currency settlement agreement implemented

Several major Chinese law firms have set up new offices in Hainan since 2018